Bank of Maharashtra Q1 Results 2025: Net Profit Jumps 23% to ₹1,593 Crore, NII Up 17.60%

Bank of Maharashtra (BoM), one of India's leading public sector banks, posted a strong financial performance for the first quarter of FY25. The bank's consistent efforts towards better asset quality and increased interest income contributed to a substantial rise in profitability.

Market Performance Overview

• Net Profit: ₹1,593 Crore, up 23% from ₹1,293 Crore in Q1 FY24
• Total Income: ₹7,879 Crore compared to ₹6,769 Crore in the previous year
• Interest Income: ₹7,054 Crore, up from ₹5,875 Crore
• Net Interest Margins (NIM): 3.95%, marginally lower than 4.01% in Q4 FY24

The substantial quarterly numbers reflect BoM's focus on maintaining healthy margins and growing its core banking operations despite market pressures.

Q1 Financial Highlights

Revenue

• Total Income: ₹7,879 Crore in Q1 FY25
• Year-on-Year Growth: Approximately 16.4%

Net Interest Income (NII)

• NII: Grew 17.60% YoY
• Total Interest Income: ₹7,054 Crore, up from ₹5,875 Crore

Net Profit

• Q1 FY25 Net Profit: ₹1,593 Crore
• Q1 FY24 Net Profit: ₹1,293 Crore
• Growth: 23% YoY

Net Interest Margins

• June Quarter FY25: 3.95%
• Same Quarter Last Year: 3.97%
• March Quarter FY24: 4.01%

Asset Quality and Provisions

• Gross NPAs: Declined to 1.74% from 1.85% YoY
• Net NPAs: Reduced to 0.18% from 0.20%
• Provisions: Down to ₹867.41 Crore from ₹983.29 Crore in the previous quarter
• Slippages: Increased sequentially to ₹727 Crore from ₹660 Crore

The decline in NPAs signals improved credit quality, although a sequential rise in slippages warrants close monitoring.

Company Operational Performance

Total Business

• Total Business (YoY Growth): 14%
• Total Business Value: ₹5.46 lakh Crore

Deposits

• Growth: 14% YoY
• Total Deposits: ₹3.05 lakh Crore

Advances

• Gross Advances Growth: 15.34% YoY
• Total Advances: ₹2.41 lakh Crore

Bank of Maharashtra continues to expand its business base, with balanced growth across deposits and advances, indicating strong traction in both retail and corporate banking.

Summary

Bank of Maharashtra's Q1 FY25 results highlight robust financial and operational performance. Key drivers included:

• 23% growth in net profit backed by higher interest income
• Improved asset quality with a reduction in NPAs
• Steady business expansion, reflected in 14% growth in total business
• Substantial deposit and credit growth, maintaining healthy margins

Despite a marginal dip in NIM and a sequential rise in slippages, the bank has showcased resilience and consistent upward momentum in core financial metrics.